Some interesting thoughts.
Here's a thought that, while it certainly doesn't capture the thesis of the piece, has probably occurred to many people before:
Part of the change in a degree's value, however, comes from a trend that the authors decry: credentialism. "More and more employers don't care what you know," says Pryor. "They just care if you have the right sort of degree; it does nobody any good." Although they admit that scholars should conduct more research on the topic, Pryor says he believes that some employers -- banned from using many types of tests for employment purposes -- use the degrees that people have earned as a crude personality-screening mechanism. "If someone has the where-withal to finish junior college, even if they don't have any more real skills, some employers might figure that they are simply a better worker."
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